In case of nuclear war weapons, supplies and meds would be worth something. All virtual things, like bitcoin or the money in your bank, would be worth nothing.
I invest in bitcoins because it is the most profitable among the options I have, as any rational person would do, but I know the risk of it being worth nothing at any moment.
Of course maybe there is some correlation, because most people aren't rational
Thats the irony of a "safe haven" virtual asset. I thought safe haven meant "safe"; that is the security possession of the asset provides in lieu of the asset you replace. bitcoin is neat and all, but you cant eat a goddamn bitcoin, ive tried
Thats why I dont really understand paper gold, except for purely speculative purposes. even with the liquidity of gold (its not the best), id still rather hold something in my hand that I can trade for something vital, in case we end up in "Mad Max" times.
You dont even need a war. Take Puerto Rico for example. bitcoin isnt too useful there, atm.
in fact, gonna write a different thread about that